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IN HB1239
Bill
Status
Introduced
1/10/2017
Primary Sponsor
Richard Hamm
Click for details
AI Summary
- Provides a $500 annual income tax credit for individuals who are active volunteer firefighters in Indiana for at least 6 months during the taxable year
- Credit applies to taxable years beginning after December 31, 2017, and becomes effective July 1, 2017
- Credit cannot exceed the taxpayer's adjusted gross income tax liability and cannot be carried forward, carried back, or refunded if unused
- Requires fire departments to issue annual confirmation of service forms by February 1 each year to volunteer firefighters who served during the preceding calendar year
- Volunteer firefighters filing paper returns must submit the confirmation of service with their return; those filing electronically must retain the form for records and submit upon department request
Legislative Description
Income tax credit for volunteer firefighters. Provides that an individual who is a volunteer firefighter is entitled to a credit of $500 against the individual's adjusted gross income tax liability each taxable year.
Last Action
Representative Moed added as coauthor
2/16/2017
Committee Referrals
Ways and Means1/10/2017
Full Bill Text
No bill text available